to private equity firm Roark Capital, which already has more than a dozen restaurant chains in its portfolio. Through holding company Inspire Brands, Roark owns restaurants such as Dunkin', Buffalo Wild Wings and Jimmy John's. Separately, under Focus Brands, it owns Auntie Anne's, Cinnabon, Moe's Southwest Grill and Schlotzsky's, among others. Subway is larger than all those restaurants and has more annual sales than all but Dunkin'.
Subway and Roark did not announce a transaction price.Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre on June 16, 2023 in Paris, France., alleging unfair employment practices. The lawsuit claims the company discriminated against refugees and asylum recipients in its hiring practices.